Gold price has been all time high in terms of USD.So, The US gold reserve can support more USD to be printed.
Modestly high Inflation rate will be allowed by many countries, so as to stimulate business investment. that is why RBA still held the cash rate unchanged when the inflation rate was above 3%.
Those companies with sound fundamentals will benefit from the higher inflation. That is why many companies profits beat expectations.
Cash will loose value over time, especially during the period of high inflation.
Wages will keep up with the inflation only after companies have benefited from the inflation first.
IMO, "Let's inflate out of the problems" is the choice of many countries. That means all the people in the countries have to pay for the problems.
